Welcome to 27 Raeburn Street, Manly a double block bayside opportunity where smart investors, builders, and visionaries come to play.
Sitting across two already-registered lots, this address opens the door to a rare chance: build two new homes (STCA) in one of Brisbane's most in-demand coastal suburbs without the need to subdivide.
The existing 2-bedroom, 1-bathroom highset home is clean, solid, and rental-ready, with a current appraisal of $580$600 per week. That's money in your pocket while you design your next move.
Whether you're looking to:
Land bank with income,
Unlock a development project in a tightly held street, or
Secure a premium position in the Manly State School catchment,
This property delivers flexibility, holding power, and long-term upside.
At a Glance:
Currently a dual LOT block
No subdivision required
Rent-ready 2-bed, 1-bath home with modern kitchen and bathroom
Driveway and fencing in place
Side access and generous backyard
New builds (x2) from approx. $875k$1.075m total (incl. demo, siteworks, landscaping)
Why Buyers Are Watching Manly:
Manly State School catchment top-tier education with long waitlists and high local property premiums
Lifestyle: The largest Marina in Australia has encouraged fine dining and entertainment venues such as The Boat House, The Arsonist, Adelita Wine Bar, Cedar & Pine, and Three Musketeers French cafe.
This property is Walking distance to Manly Village cafés, train station, and the marina
1.5km to the Waterfront
Easy 20-minute commute to Brisbane CBD
Surrounded by million-dollar homes and quality new builds
Your Strategy, Your Way:
Rent it out and collect strong income while you submit plans
Knock it down and build two new homes (STCA)
Land bank in a tightly held, high-growth coastal corridor
Call Michael O'Brien on 0401 938 302 to arrange a walk-through or request the full development info pack. Opportunities like this don't wait and neither should you.
